22 Apr 2005 11:20 AM

The two leaders of U.S. cable industry are making joined efforts to buy the assets of the fifth-largest cable company. The recent information that Time Warner and Comcast reached a preliminary $17.6bn deal to share the assets of Adelphia Communications indicates a further consolidation of U.S. cable industry.

22 Apr 2005 11:16 AM

Pernod Ricard SA, a major global distiller, Fortune Brands Inc. purchase Allied Domecq Plc, famous for its Malibu rum brand for $14 billion. This is the largest acquisition in the liquor industry in the past eight years. The transaction will offer Pernod access to the US market for alcoholic drinks where demand has been rising quicker than in Europe.

22 Apr 2005 10:48 AM

Japan’s biggest cellular operator NTT DoCoMo is close to the deal that will help it to expand on the card market and become a new source of revenue, people familiar with the matter say.

22 Apr 2005 10:31 AM

The New York Stock Exchange plans to merge with Archipelago Holdings Inc. in order to prompt the Big Board’s move to electronic trading and reform its 212-year-old institution.

22 Apr 2005 10:15 AM

DaimlerChrysler AG announced its plans to build Chrysler compact cars in the country to sell to North America. DaimlerChrysler started talks with Fujian Motor Industry Group to found the venture to produce an absolutely new Chrysler model, said officials from the two companies.

22 Apr 2005 10:10 AM

Volkswagen AG, the largest foreign carmaker in China, said the increased competition from Hyundai Motor Co., General Motors Corp. and other companies forced its market share in the country to fall below 20%. The information has been announced by Bernd Leissner, head of Volkswagen’s operations in China, at the Auto Shanghai 2005 show today.

22 Apr 2005 09:52 AM

Foster’s Group Ltd., the biggest beer and wine making company for Australia, agreed to buy Southcorp Ltd. to expand on the wine market in a A$3.2-billion ($2.5-billion) deal that will create the world’s second-biggest winemaker.

22 Apr 2005 07:52 AM

Qwest Communications has increased its "best and final" bid for MCI by 9%, to $30 a share, in its latest effort to overrun Verizon Communications.

22 Apr 2005 07:36 AM

The talks between America West Holdings Corp. and US Airways Group Inc. about a possible merger which started more than a year ago continue to hang in the air facing some essential obstacles. For America West the main reason has always been the cost issue unsettled by US Airways.

22 Apr 2005 07:15 AM

Wireless & Mobile WorldExpo will take placeMay 18-19, 2005, in National Trade Centre at Exhibition Place, Toronto, Canada http://wirelessandmobile.wowgao.com

20 Apr 2005 11:22 AM

A Moscow court has frozen key remaining assets of the embattled OAO Yukos in a suit launched by the state-run Rosneft that took possession Yukos’s main oil-producing subsidiary in December.

20 Apr 2005 10:03 AM

Caterpillar Inc. reported first-quarter profit rallied to $581 million, or $1.63 a share, from $420 million, or $1.19 a share in the previous year. Sales rocketed to $8.34 billion from $6.48 billion. Analysts were forecasting EPS

20 Apr 2005 10:00 AM

Honeywell International reported today that its first-quarter profit rose 22%. Profit rose to $359 million, or 42 cents a share. Revenue was up 4% to $6.45 billion. Analysts were expecting EPS of 40 cents on sales of $6.38 billion.

20 Apr 2005 09:53 AM

Ford Motor Co., the second-largest U.S. automaker, reported on Wednesday that its first-quarter profit fell 38%.

20 Apr 2005 09:36 AM

KPMG LLP yesterday agreed to make settlement payments totalling $22.5 million to the SEC concerning the scandal with Xerox Corp. to do away with the claims that it helped its clients with violations of securities laws. The deal now has to be approved by U.S. District Judge Denise L. Cote in Manhattan.